425-821-4945
425-821-4945

IBM reports Q4 revenue of $16.69B, flat YoY, vs. $16.4B est., net income up 16% YoY to $2.71B, and software revenue up 2.8% YoY to $7.29B, vs. $7.12B est. (CNBC)

CNBC:
IBM reports Q4 revenue of $16.69B, flat YoY, vs. $16.4B est., net income up 16% YoY to $2.71B, and software revenue up 2.8% YoY to $7.29B, vs. $7.12B est.  —  Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue.  The company faces a high bar for free cash flow in 2023 and 2024.

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